Epiris picks up GSF Car Parts

• Epiris invested in GSF via its Epiris Fund III
• GSF is the fourth investment from Fund III
• Epiris is a private equity firm based in London

Epiris has acquired GSF Car Parts, an aftermarket automotive parts supplier, via Epiris Fund III.

GSF provides 180,000 branded and own-label parts for all makes of petrol, diesel and electric cars and vans as well as workshop equipment and technical support. It is based in Birmingham, UK.

GSF is the fourth investment from Fund III. This follows its agreement to acquire Pure Cremation in July, acquisition of LoneStar Group in March and Delinian in 2022.

“This is another classic Epiris deal: a corporate carve-out of a business with a strong position in an attractive, growth market,” said Alex Fortescue, managing partner at Epiris. “We see the opportunity to grow the business significantly with an acceleration of existing plans coupled with the fresh perspective we are able to bring.”

GSF’s acquisition follows LKQ Corporation’s undertaking to sell the business given to the UK’s Competition and Markets Authority in connection with its acquisition of Uni-Select, according to a release.

Epiris’ deal team consisted of Chris Hanna, Bill Priestley, Zoe Lai and Grace Knight.

London-based Epiris is a private equity firm that invests in UK-based businesses with an enterprise value of between £75 million and £500 million ($607 million; €573 million), deploying between £40 million and £150 million of equity.

No financial details of the transaction were disclosed.

Epiris is advised by Macfarlanes, DC Advisory, PwC, Endava, JLL and Arthur J Gallagher. Debt financing is provided by Atlantic Park.